Friday 25 May 2018
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4 months ago

South Africa:Governor Lesetja Kganyago - Statement of Monetary Policy Committee On 18 January 2018

[Govt of SA] In recent weeks, some of the risks to the inflation outlook have dissipated somewhat. The rand appreciated following the African National Congress (ANC) elective conference. Also, Eskom was granted a lower-than-expected tariff increase. While SandP Global Ratings downgraded South Africa s long-term local currency sovereign credit rating to sub-investment grade, Moody s Investors Service (Moody s) placed the country ratings on review for a downgrade. A further downgrade therefore remains a risk,

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